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Map
251 Back Nine Dr
About This Property
As you make your way up the grand staircase to the second floor you will find Bedroom 2 complete with its own full bath ensuite and large closet. Next are bedrooms 3 and 4, which also have large closets and both connect to a Jack-and-Jill full bath. In the hall, you will find the laundry room, which is big enough to provide storage as well. The beautiful primary bedroom boasts tall ceilings, large windows for good natural light, and two large walk-in closets. The primary bath is a 5-piece with a soaker tub, walk-in shower, double sinks, and a toilet bay. As you head back downstairs and wind into the basement you will find a gigantic open space that is the perfect blank canvas to finish as you see fit. Come in, look around and fall in love with this amazing home today!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017